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Kai Onca · 01-28-2008, 11:10 AM

I would say I'll side with the BANKS on this issue about credit scores and 7 years is really sufficent for banks/lenders to know what you're really is like with your borrowing habits (risk lending and so on) are you at risk to blow off 150k? thats what lenders truly want to know about.

its your problem- everyone has a SOB story of why they're out of money. (only in certain explict circumstances its understandable)

its your responsiblity to obligate that your debt is paid and cleared before you can forget all about it

If I wanted to lend money to an individual just say 150k for a house. I do want to insure that individual is going to be paying it back. REMEMBER alot of HOUSE LOANS are 15 years or 30 years... 7 years for banks is just a sample of what you would do with that loan.

(gee-whiz) Its the lenders money, not YOURS to start with, why are people complaining about their credit history you should be groveling and kneeling for the money that would come your way for whatever situtation its needed for.

You made the choice of living OUT of your means, buckle up and live with it. Many people don't know how to SAVE money before even spending it...

SO many people blame others for their credit problems. (their kids/exs/spouses/relatives/friends and so on)

Are you legally under someone's wing as having a guardian for your estate needs? then please refrain from pointing the finger at someone else when your finances goes to hell. No one grabbed you at gunpoint and told you to spend this much money on so-so....No one told you to spawn kids who thinks cellphones are important more than their own parents. No one told you to purchase that muscle car and have it juiced up, and then later you're out of a job because you didn't have a savings nest and you're down on your luck and need the common joe lender to lend you money to bail yourself out.

LIVE WITHIN YOUR FINCANICAL MEANS please, people for the sake of this (US) country's future fincanical future.

Harsh as it may seem.

Banks/Lenders are faceless to most of us but would we do this to our friend who loaned us 60 bucks when we forgot our wallets/purse at the house during a dinner? Next day I would have just paid the friend rightaway, its called being obligated.

Banks/lenders are just so faceless we just tend to think we're not stealing their money when we are not paying it back.

If you loaned the friend 1,000 and she/he never paid you back- is that upsetting to you? Newsflash, its going to stir up a hornets nest when you do that to a bank. Business live to protect their business and people are faceless to them too its just another number.

Cheer up and just repair your credit numbers. Its going to take month to month but theres so many resources out there. Take it a month at a time and don't look back at the negatives if theres nothing that can be done about it. Try to build it back up one point at a time.

Good Luck!

01-28-2008, 11:10 AM	#37 (permalink)
Kai Onca Save the RAINFOREST Join Date: Jul 2003 Location: Wandering through the Mist of Time Posts: 890	I would say I'll side with the BANKS on this issue about credit scores and 7 years is really sufficent for banks/lenders to know what you're really is like with your borrowing habits (risk lending and so on) are you at risk to blow off 150k? thats what lenders truly want to know about. its your problem- everyone has a SOB story of why they're out of money. (only in certain explict circumstances its understandable) its your responsiblity to obligate that your debt is paid and cleared before you can forget all about it If I wanted to lend money to an individual just say 150k for a house. I do want to insure that individual is going to be paying it back. REMEMBER alot of HOUSE LOANS are 15 years or 30 years... 7 years for banks is just a sample of what you would do with that loan. (gee-whiz) Its the lenders money, not YOURS to start with, why are people complaining about their credit history you should be groveling and kneeling for the money that would come your way for whatever situtation its needed for. You made the choice of living OUT of your means, buckle up and live with it. Many people don't know how to SAVE money before even spending it... SO many people blame others for their credit problems. (their kids/exs/spouses/relatives/friends and so on) Are you legally under someone's wing as having a guardian for your estate needs? then please refrain from pointing the finger at someone else when your finances goes to hell. No one grabbed you at gunpoint and told you to spend this much money on so-so....No one told you to spawn kids who thinks cellphones are important more than their own parents. No one told you to purchase that muscle car and have it juiced up, and then later you're out of a job because you didn't have a savings nest and you're down on your luck and need the common joe lender to lend you money to bail yourself out. LIVE WITHIN YOUR FINCANICAL MEANS please, people for the sake of this (US) country's future fincanical future. Harsh as it may seem. Banks/Lenders are faceless to most of us but would we do this to our friend who loaned us 60 bucks when we forgot our wallets/purse at the house during a dinner? Next day I would have just paid the friend rightaway, its called being obligated. Banks/lenders are just so faceless we just tend to think we're not stealing their money when we are not paying it back. If you loaned the friend 1,000 and she/he never paid you back- is that upsetting to you? Newsflash, its going to stir up a hornets nest when you do that to a bank. Business live to protect their business and people are faceless to them too its just another number. Cheer up and just repair your credit numbers. Its going to take month to month but theres so many resources out there. Take it a month at a time and don't look back at the negatives if theres nothing that can be done about it. Try to build it back up one point at a time. Good Luck!